PixVerse raises $439M, valuation surpasses $2B

Singapore-based PixVerse has raised $439 million in a Series C extension, valuing the company over $2 billion.

• PixVerse closed its Series C extension, raising $439 million from investors including Alibaba and Mirae Asset.
• The company stated that its valuation has crossed $2 billion following the round.
• Co-founder and executive director Jaden Xie said PixVerse plans to launch a new V-series video model and release an updated world model this year.
• The startup said its consumer product has 150 million registered users and 15 million monthly active users.